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interest rate hikelatest news & developments
Economists widely expect the South African Reserve Bank’s monetary policy committee to once again hold the interest rate at 8.25% when it concludes its meeting on Thursday.
APRIL

Reserve Bank may hike interest rates by 50 bps on Thursday

This week a spotlight is shone on a potential interest rate hike, inflation statistics and retail trade sales

  • Anathi Madubela
3 min read
“Real household income growth remains weak
CONSUMER CONFIDENCE

Consumer health improves but consumers are not yet clear— Transunion

The appreciation of the rand, low food inflation and stable interest rates have been positive for consumer confidence.

  • Thulebona Mhlanga
1 min read
South African Reserve Bank Governer Lesetja Kganyago. (Waldo Swiegers/Bloomberg)
INTEREST RATE HIKE

Reserve Bank’s Kganyago announces interest rate hike

South African Reserve Bank Governor Lesetja Kganyago announced an interest rate hike on Thursday, noting the influence of current political turmoil.

  • Staff Reporter
4 min read
US Federal Reserve chairperson Janet Yellen.
INTEREST RATE HIKE

More pain in store for SA with US Fed rate hike

South Africa is among the developing nations who will be worse affected by the US tightening – the first rate hike in seven years.

  • Ye Xie
  • Lyubov Pronina
5 min read